Altcoin News by Thebittimes.Com

The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better Understand Risks of Central Bank Digital Currency The Bank of Thailand (BOT) intends to take more time to complete the development of its retail central bank digital currency (CBDC). The monetary policy regulator aims to ensure that this version of the national fiat will offer additional benefits to the country’s financial system under sufficient risk management. A number of central banks, including that of Thailand, have been developing retail CBDCs but they are yet to fully implement them, the Bangkok Post noted in a report. Retail CBDC development is expected to take more than five years before market launch, according to the BOT Governor Sethaput Suthiwartnarueput, quoted by the daily...

Join Our Telegram channel to stay up to date on breaking news coverage Whenever there is a difficult economic situation, people tend to look to experts and billionaires and follow their lead when it comes to investing, as they know that the experts and billionaires know where to put their money in order to secure it. With the rising inflation and excessive fiscal spending which come as a consequence of the global pandemic, as well as many highly impacting geopolitical events, experts are now pointing the way toward digital currency . One recent example is Paul Tudor Jones — a legendary investor, billionaire, and hedge fund manager who recently revealed that he holds a small portion of Bitcoin as part of his portfolio. Tudor Jones also noted recently that he expects to see the prices of crypto &mdash ; primarily Bitcoin and Ethereum — go up amid the current economic difficulties. Crypto prices will rise again, says Paul Tudor Jones Tudor Jones recently spoke about...